G8: Greece Can Stay in Eurozone; Iran is 'Grave Concern'

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President Obama invited world leaders from France, Germany, the UK, Canada, Italy, Japan and Russia, aka the G8, to a retreat in Camp David for the weekend, and they're coming to agreements on all kinds of big issues

On Iran: The leaders are "unified in their approach to Iran", according to a statement from President Obama. He said that Iran's "continuing violation of international rules and norms" and their inability to convince anyone they aren't producing nuclear weapons as part of their development program was a "grave concern." "We’re hopeful we can resolve this issue in a peaceful fashion with respect to Iran that recognizes their sovereignty but also recognizes their responsibilities," he said. World leaders are set to meet with Iran next week to talk about their nuclear program and the sanctions placed on Iran right now. Obama said they were "hopeful" about their prospects for success going into the talks. 

On the Eurozone and Greece: Everyone agreed that Greece should stay in the Eurozone. "We agree on the importance of a strong and cohesive Eurozone for global stability and recovery, and we affirm our interest in Greece remaining in the Eurozone while respecting its commitments," the leaders said in a joint statement. In an effort to appease those in the Eurozone arguing for austerity (Germany) and those arguing for more stimulus (France), the leaders decided that a balanced mix of both would be best. The statement said they would focus their investments in infrastructure and education, while factoring "sound and sustainable fiscal consolidation policies that take into account countries’ evolving economic conditions and underpin confidence and economic recovery."

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On Syria: The G8 leaders are looking to avoid any military action in Syria. "We’re supportive of the Annan plan and agree that the Annan plan should be fully implemented and a political process has to move forward in a more timely fashion to resolve that issue," Obama said. The Associated Press is reporting that part of the goal of the weekend's meeting is to show Russian Prime Minister Dimitri Medvedev that other countries are looking for Syrian resolutions that would allow them to disregard Russia's continued support of Bashar al-Assad. 

This article is from the archive of our partner The Wire.